Nelson Mullins Riley & Scarborough LLP represented Moov Financial, Inc., the provider of open source financial services building blocks (or open source, banking primitives as a service) that empowers developers with developer-first code that’s modular, portable, and bank agnostic, in its $27 million Series A round led by Andreessen Horowitz.

The Series A round included participation from Gokul Rajaram in addition to existing investors: Bain Capital Ventures, Canapi Ventures, Commerce Ventures, Gradient Ventures, RRE Ventures, Uncorrelated Ventures, Veridian Credit Union and others.

Moov's public announcement said that it will use the funds to expand its team, further develop its enterprise offerings, and double-down on setting the de facto standard for open collaboration on financial protocols.

Moov is creating a system that allows any financial institution and company deploying financial services to implement only what they need to advance their systems and develop custom solutions.

The Nelson Mullins team representing Moov in the Series A financing included Brad Burman and Brian Gillespie. Nelson Mullins has served as Moov’s outside general counsel since its Series Seed financing.